AGP Executive Report
Last update: 10 hours agoOil Markets: The IEA now expects global supply to exceed demand by 1.7 million barrels a day in the fourth quarter as Gulf exports recover, reversing its earlier deficit forecast. Mining Dispute: Chinese Landing residents and miners traded accusations after a violent clash over equipment and access to village lands. The APA and GGDMA have issued separate calls for action as authorities face pressure to address the dispute. Offshore Energy: ExxonMobil has taken a US$12.5 billion final investment decision on Longtail, Guyana’s first gas-focused Stabroek project. The development is designed to process 1.2 billion cubic feet of gas daily and produce up to 250,000 barrels of condensate, with start-up targeted for 2030. Agriculture: A new G$948.9 million dredge and workboat will expand drainage and irrigation capacity, while the government is pursuing four per cent credit for poultry farmers. Local Business: GuyExpo’s BIZLINK brought 62 suppliers and 42 buyers together, aiming to connect local manufacturers and agro-processors with larger distribution networks.
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